Insmed: 2Q Earnings Snapshot
BRIDGEWATER, N.J. (AP) _ Insmed Inc. (INSM) on Thursday reported a loss of $76.4 million in its second quarter.
On a per-share basis, the Bridgewater, New Jersey-based company said it had a loss of $1.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.
Insmed shares have decreased 15 percent since the beginning of the year. The stock has increased 68 percent in the last 12 months.